Announcements

President Biden announced the following three-part plan to address student loan debt

May provide federal student loan borrowers with debt relief

  • 31 August 2022

 

  • Final extension of student loan repayment/interest pause as part of The CARES Act.
    • Repayment and interest accrual will resume on JANUARY 1, 2023.
  • Targets debt relief to low- and middle-income borrowers.
    • Up to $10,000 in debt cancellation for federal loans first disbursed prior to 7/1/22 ($20,000 if you were a Pell Grant recipient as an undergraduate) if AGI was less than $125,000 in 2020/2021 ($250,000 if joint tax return) – may need to apply for benefit – stay tuned for more information
  • Creates a new, more affordable Income-Driven Repayment (IDR) plan.
    • Payments will be based on 5% of discretionary income for UG loans; 10% of discretionary income on graduate/professional loans (proportionate if you have combination of UG and Grad loans).
    • Increases poverty guideline threshold from 150% to 225% when calculating “discretionary income.”
    • Forgiveness will be reduced from 20 years to 10 years if loan balance is $12,000 or less.
    • Monthly accrued interest that is not paid by the IDR payment will be paid by ED)

 

Fall 2022 Aid - Message from Financial Aid

  • 5 July 2022
  • -Students seeking federal loans should now log into Gibson Online to make sure Terms and Conditions have been accepted, loans have been accepted, and all requirements for federal student aid have been completed. If not, those steps should be completed as soon as possible. https://gibson.tulane.edu/ . Instructions for new students can be found on the Admission Student Portal, or, for all students, on the Law School Intranet, in the Financial Aid section under DOCS (right side of page).
  • -First bills go out July 15th and are due August 14th. Students not enrolled on July 15th will receive the first bill on August 15th.
  • -Tulane Law School Scholarships disburse to students’ Tulane accounts on July 8th provided the student is enrolled in at least ten credit hours (part-time LLM credit hours required will vary).
  • -Federal student loans disburse to students’ accounts on August 15th provided all requirements are met and student is enrolled at least half-time (five credit hours). If all requirements are met by August 14th, Accounts Receivable will be able to see that aid will be applied to students’ accounts when the disbursement date arrives.
  • -Interest rates on federal loans are set at 0% until at least September 30, 2022 due to COVID-19, but are re-set each year on July 1. New interest rates for the coming school year are:
    • Federal Direct Unsubsidized Loan 6.54%
    • Federal Direct Graduate Plus Loan 7.54%
  • -Origination fees on federal direct loans are:
    • Federal Direct Unsubsidized Loan 1.057%
    • Federal Direct Graduate Plus Loan 4.228%
  • -Seat deposits will be applied to students’ accounts before the bill is due. However, locker charges may be applied after the bill is paid. Keep an eye on your student account for any charges that may be applied after the bill is sent out and/or paid. For example, if books are charged at the bookstore, those charges may be applied to student accounts until after bills are received.
  • -Students taking out loans for living expenses should be sure to be set up on Direct Deposit and Request a Refund when aid disburses. Instructions are here: https://studentaccounts.tulane.edu/content/refund-disbursement
  • -New students taking out federal loans should complete the Release of Title IV Funds form and return it to Accounts Receivable if they have not yet done so. It is found here: https://studentaccounts.tulane.edu/sites/g/files/rdw806/f/Title_IV_Release_Form_082216.pdf
  • -For questions about Tulane health insurance, contact Campus Health at campushealth@tulane.edu&

Summer 2022 Addendum (Application for Aid) Now Available!

  • 16 March 2022

The Summer 2022 Addendum (Application for Aid) is now available and can be found in the Financial Aid Section under DOCS. Details are on the addendum. Contact Law Financial Aid if you have questions.

Cost of Attendance for 2022-2023 Now Available

  • 8 February 2022

The Cost of Attendance for 2022-2023 is now available and can be found on the right side of the Financial Aid page under "Docs." The Loan Checklist for 2022-2023 is also now available under Docs. February is Financial Aid Awareness month, so this is a good time for students to complete their 2022-2023 FAFSAs (Free Application for Federal Student Aid) at studentaid.gov.

Spring 2021 Grade Distributions

  • 8 June 2021

All grade distributions for the spring semester are now posted on the Academic Services page of TLS Intranet at https://intranet.law.tulane.edu/Depts-Offices/Academic-Services-Home/Grades-Transcripts.  The highest grade in each course (if applicable) is indicated on the grade distribution chart.

 

 

 

 

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